EANS-Adhoc: Westag & Getalit AG / Revenues remain stable in Q1/2010; Earnings up on the prior year quarter

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ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro
adhoc with the aim of a Europe-wide distribution. The issuer is solely
responsible for the content of this announcement.
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29.04.2010

Following a moderate start to the new fiscal year, which was impacted
by a very harsh winter, Westag & Getalit AG reported strong sales in
March, which kept total first-quarter sales at the prior year level
of EUR 50.2 million. At EUR 9.8 million, export sales were slightly
lower than in the previous year (EUR 9.9 million). The export share
stood at 19.4% in the first quarter (previous year: 19.7 %).

At EUR 2.1 million, first-quarter earnings before income tax were up
by 16.3% on the previous year (EUR 1.8 million). With sales remaining
almost stable, the increase in earnings was primarily attributable to
cost-cutting initiatives. Net profit per share amounted to EUR 0.25
(previous year: EUR 0.22).

Following a moderate start to the new year, the market situation has
improved recently. At this stage, it is impossible to say whether
these are catch-up effects resulting from the snowy winter or the
first signs of a recovery. Our projections therefore remain cautious.
We believe that weaknesses in some of our export markets will be
offset in other foreign markets as well as by our stable domestic
business.

With regard to earnings, we currently see relatively strong upward
pressure on the prices of many of our raw materials. While we will
continue our efforts to improve our cost structure as effectively as
possible, we will be unable to refrain from increasing the prices of
our products. The fact that first-quarter earnings improved on the
very poor first quarter of 2009 should not be overrated. The prior
year quarter did not fully benefit from the cost-savings initiatives
in 2009, which means that the recent increase in earnings cannot be
extrapolated to the full year.

If the markets recover, we will be able to return to previous growth
rates thanks to our broad product range, our state-of-the-art
production facilities and our motivated workforce.

end of announcement euro adhoc
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ots Originaltext: Westag & Getalit AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Felix Huisgen

Tel.: +49 (0)5242 17 5350

E-Mail: huisgen@westag-getalit.de

Branche: Building materials
ISIN: DE0007775207
WKN: 777520
Index: Prime All Share
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Stuttgart / free trade
Düsseldorf / regulated dealing